What do you charge for lease break fees?

Lease break policies! What do you charge for fees? What’re your procedures?

60 day notice and we charge a month and a half’s rent for the termination fee

60 day notice and 1 months rent for termination fee.

60 day notice with a $3200 early termination fee.

$3200

Hey now... I just work here. I dont make the policies, I just have to enforce them. This is the flat fee across the board with my company, unless certain laws say otherwise state to state.

Im asking because rule I enforce is that they’re responsible for the entire term, which can be astronomical if you leave 6 months in. If the average rent is $1600 then that would be 2 months rent and that’s fair. But if the average rent is like $1000 that’s steep lol

60 day notice, concession/special payback in full and a termination fee equal to 200% of the rent amount

60 day notice and resetting fee, which is 85% of 1 months rent.

And they have to pay back any concessions

60 days notice, concession/specials charged back and 85% of 1 month's rent.

30 day notice, reletting charge, special payback, and 3 months of rent. All must be prior to move out. If not home will be considered a skip.

If they have to break a lease with us we need the 60 day notice, they pay back any concession fees and they are basically on the hook for all rent until we rerent the unit for them. Don’t let anyone just walk away if it hasn’t been re-rented. But we are usually very good at getting them rented quickly.

Pay through 30 days of written notice and 1 months rent. All to be paid prior to move out. If not paid prior to move out, charged through the end of lease or until re-rented.

Check with your attorney. Every state is different as if any charge is permitted.

60 day notice, term fee, forfeit deposit and pay back any concessions

60 day NTV. $500 fee to start marketing unit. Resident rent due each month until re-occupied

$300 break fee. No notice needed but pay rent through lease term or until re-rented. If under a year, pro-rate cost or paint and clean. Repay any special promotions.

Different policies for job transfer or military.

30 days notice. Charge back any concessions, & 1.5 months rent before they leave not

Written 60 days notice plus a buy out fee that equals the amount of two months rent

60 day notice with reletting fee, 85% of one months rent . If no notice Early termination, fee 2 x rent and the reletting fee.

60 day notice and two months rent. Avg rent is $3500.

A 30 day notice and remainder of the lease needs to be paid

30 day and pay $1250 or 60 day and pay $750

30 day notice and 2 months

We work to mitigate damages and they’re on the hook until it’s re-let and possession is taken.

Lease Break Fee equal to 40℅ of one month's rent and Lease Responsible until end of lease or when unit is the reoccupied.

60 day notice and 1 month term fee

60 day notice and 2 months rent.

No lease breaks here. You gotta find someone to take over your lease. $500 LTO fee.

Our lease says a 30 day notice responsible for the remaining months on lease until its re-rented. The resident will be billed for these remaining months of the lease & sent to collections. When it's re-rented a revision is done and sent to the collection agency with adjustment & billed any utilities (gas & electric) that we incurred while it was vacant. Of course military deployment/reassignment are exempt as well as domestic violence victims.

How do you handle it if they have recieved a free rent special (ex. 1 month free prorated). Do they pay the prorated special in addition to the 2 months rent penalty?

Pay back any kind of concession

Florida contract has a clause that basically is ' break it and pay 2 months or we will chase you to the very end'. one of the two. I personally tell them to find an equally qualified tenant.